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AFRY provides engineering, design, digital and advisory services to accelerate the transition towards a sustainable society. We are 19,000 devoted experts in industry, energy and infrastructure sectors, creating impact for generations to come. AFRY has Nordic roots with a global reach, net sales of 27 BSEK and is listed on Nasdaq Stockholm. Making Future

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    AFRY awarded EPCM project for Arauco’s new pulp mill in Brazil

    Arauco, a global forest industry company, has awarded AFRY an EPCM (Engineering, Procurement, Construction Management) assignment for the Balance of Plant of its new greenfield pulp mill in Inocência, in the state of Mato Grosso do Sul, Brazil.Chilean forestry group Celulosa Arauco y Constitución S.A. (Arauco) will invest $4.6 billion in building a bleached eucalyptus market pulp mill in Brazil. Bleached eucalyptus kraft pulp is used in various products, including traditional paper products and hygiene products. The new pulp mill will be the world’s largest pulp mill project with the

    AFRY to design Vantaa tramway in Finland together with alliance partners

    The City of Vantaa has appointed a consortium consisting of AFRY, WSP and Sweco to design the eastern section of the Vantaa tramway. Together, the alliance parties, including GRK and Kreate as contractors, will design and build an 8.5-kilometer stretch of the tramway that will make Vantaa the fourth city in Finland to have a tramway.This alliance marks the beginning of the development phase that will run until summer 2025. The development phase involves refining design solutions, setting target costs, and preparing the schedule and tasks for the implementation phase. The Vantaa tramway

    AFRY to support ASFINAG in infrastructure rehabilitation in the Salzburg area

    AFRY has been chosen by Austrian ASFINAG for project management and site supervision in the rehabilitation and improvement of important infrastructure around the city of Salzburg.ASFINAG is an Austrian publicly owned corporation which plans, finances, builds, maintains and collects tolls for the Austrian autobahns. Within the infrastructure maintenance of an important north-south and east-west transport connection in Austria, the motorways A1 and A10 around Salzburg will be improved from 2025 until 2029.  The renewal of several motorway sections on these two highways includes the

    AFRY to support decommissioning of Norwegian nuclear facilities in new framework agreement

    Through the framework agreement, AFRY will assist the Norwegian Nuclear Decommissioning agency (NND) with competence and capacity in programme and project management services.NND is the government agency responsible for safely decommissioning nuclear facilities in Norway and developing effective solutions for the disposal of nuclear waste. Through the framework agreement, NND has secured the necessary expertise to effectively lead and execute their programmes and projects. "AFRY offers a range of services that ensure NND has access to the best expertise to tackle the challenging tasks

    AFRY appointed for the 600 MW Musakhand pumped storage project in India

    AFRY has been selected by ACME to provide tender engineering and detailed design for the 600 MW Musakhand pumped storage project in Uttar Pradesh, India. This project represents a crucial advancement in the state’s commitment to increasing renewable energy capacity.ACME Cleantech Solutions (ACME) is one of India’s leading renewable energy companies and is now the country’s largest solar power developer boasting a portfolio of over 1,500 MW. The Musakhand pumped storage project is a key component of ACME’s contribution to Uttar Pradesh's ambitious plan to transform the state into a

    AFRY to design Greenko’s large-scale Shahpur pumped storage project in India

    Greenko has entrusted AFRY with the detailed design engineering of the 1,800 MW Shahpur pumped hydro energy storage project in Rajasthan, marking a significant step towards the state’s enhanced energy resilience and advancing India’s clean energy transition.Greenko Group, India's leading renewable energy company, operates a portfolio of 7.5 GW in clean energy assets across solar, wind, and hydroelectric projects. The group is dedicated to driving the energy transition with large-scale, integrated renewable projects that combine generation with advanced energy storage. The Shahpur pumped

    AFRY becomes key partner for Norwegian Statsbygg with new framework agreement

    Advansia, part of AFRY, has been awarded a framework agreement for project management for Statsbygg. The framework agreement is nationwide and covers all types of construction projects in Norway, as well as Statsbygg's properties abroad.Statsbygg manages many of Norway’s largest and most important construction projects and is the Norwegian government’s property developer and manager. The company is responsible for the planning, construction and operation of public buildings throughout the country. "With this agreement, we can use the full breadth of our expertise to support Statsbygg in

    AFRY joins Industrikraft

    Industrikraft is a new company formed before the summer on the initiative of Alfa Laval, Boliden, SKF, Stora Enso and the Volvo Group, to support the expansion of the Swedish electricity supply. Today, AFRY joins as an equal shareholder, together with a number of other companies.The purpose of Industrikraft is to create a platform for Swedish industry to constructively contribute its perspectives and expertise on energy issues in dialogue with the state and energy companies. Today, AFRY joins together with ABB, Alleima, Billerud, Epiroc, Hitachi Energy, Höganäs, SAAB, SSAB, Södra, Vectura

    AFRY is the preferred technical partner for Neoen’s Solar farm in Ireland

    AFRY has been appointed as the owner’s engineer for a large solar photovoltaic (PV) project in Ballinknockane, Ireland, developed by Neoen. With a capacity of 79 MWp, this large-scale solar plant plays a critical role in advancing the country’s clean energy goals.Neoen, a leading independent renewable energy producer, operates a capacity of 8.7 GW across solar, wind, and storage projects worldwide, actively contributing to the energy transition. The Ballinknockane solar PV project, located in Limerick County, is projected to achieve a capacity of 79 MWp and will include a ground-mounted PV

    Findings from decarbonising the Italian pulp & paper industry study

    AFRY recently presented the findings of a study commissioned by Assocarta, the Italian paper association, outlining a net-zero roadmap for the pulp and paper sector in Italy.In early 2024, AFRY was commissioned by Assocarta to define a decarbonisation strategy for the pulp and paper sector that is in line with EU framework, country-specific conditions, and technological advancements. AFRY’s assessment outlined an overall decarbonisation roadmap for the sector, pinpointing the best available technologies, regulatory and infrastructural obstacles, and competitive levers. Additionally, AFRY

    AFRY supervises the modernisation of Peru’s largest hydro power plants

    AFRY has been chosen by Electroperú to supervise the modernisation and life extension of the Santiago Antúnez de Mayolo and Restitución hydropower plants in Peru. This initiative aims to modernise and replace systems and equipment at the two power plants to ensure operational continuity and enhance reliability. The estimated order value for AFRY is SEK 30 million.Peru’s state-owned leading power generation company, Electroperú S.A. operates the Mantaro Hydroelectric Complex, which consists of two cascade hydroelectric power plants, Santiago Antúnez de Mayolo (798 MW) and Restitución (210 MW)

    AFRY to lead feasibility study for Helen's large-scale hydrogen production plant in Finland

    AFRY has been awarded an assignment from Helen, a Finnish energy company, to conduct a comprehensive feasibility study for the potential development of large-scale hydrogen production in Helsinki, Finland.The study aims to determine the conditions under which green hydrogen production at the site in Helsinki would be feasible. The study follows a top-down design approach, starting from the overall project and plant goals and progressing to detailed engineering and discipline-specific decisions necessary to achieve those goals. The study will use the latest data to provide up-to-date market

    Interim report January-September 2024

    Improved profitability in a mixed marketThird quarter 2024 – Net sales decreased by 1.1 percent and amounted to SEK 5,993 million (6,059) – Organic growth adjusted for calendar effects was 0.1 percent (8.9) – Calendar effects had a positive impact of SEK 44 million on net sales and SEK 31 million on EBITA – EBITA, excl. items affecting comparability, was SEK 365 million (326) – EBITA margin, excl. items affecting comparability, was 6.1 percent (5.4) – EBITA totalled SEK 365 million (310) – EBITA margin was 6.1 percent (5.1) – EBIT (operating profit) amounted to SEK

    Nomination Committee for AFRY AB (publ) appointed

    The following members have, in accordance with the procedure adopted by the Annual General Meeting, been appointed to the AFRY AB Nomination Committee. Anders Snell, (Chairman of the Nomination Committee) appointed by Stiftelsen ÅForsk Caroline Sjösten, appointed by Swedbank Robur Fonder Elisabet Jamal Bergström, appointed by SEB Investment Management Lilian Fossum Biner, appointed by Handelsbanken Fonder Jan Särlvik, appointed by Fjärde AP-fonden Tom Erixon, Chairman of the Board    Shareholders who wish to submit proposals to the Nomination Committee are asked to

    AFRY selected as a main engineering partner for SSAB’s fossil-free steel project in Sweden

    SSAB, a global specialised steel company, has awarded AFRY the main engineering partner contract for their fossil-free steel mini-mill project in Luleå, Sweden. AFRY’s assignment includes basic and detail engineering. The services will be provided during 2024-2026.SSAB is undertaking a major project to transform to fossil-free steel production. SSAB is planning to replace the current blast furnace production route with a new, state-of-the-art mini-mill concept that utilises electric arc furnaces (EAFs). The mini-mill will produce 2.5 million tonnes of fossil-free steel per year. Once

    AFRY appointed as Owner’s Engineer for renewable power plant in Australia’s flagship green ammonia project

    Allied Green Ammonia (AGA) has awarded AFRY the Owner’s Engineering assignment for its flagship green ammonia project in the Northern Territory, Australia. AFRY’s role covers the design of a reliable and self-sustaining renewable power and distribution system to supply electricity to AGA’s green ammonia production facility.Ammonia is an essential component in the chemical industry and in agricultural fertilisers, however, its conventional production generates significant carbon emissions. By using a 100% renewable energy in the production process, AGA’s green ammonia project, is envisioned

    Transitioning away from fossil fuels: AFRY's Fossil Detox Report outlines how

    The urgent need for a global shift from fossil fuels forms the foundation of AFRY’s newly published Fossil Detox Report. The report underlines the critical technologies and strategies required to accelerate the transition and mitigate the ongoing climate crisis.AFRY launches this comprehensive report during New York Climate Week. The report dives into key sectors such as electricity grids, hydrogen, and storage technologies, and presents a roadmap for accelerating the climate transition. "The Fossil Detox Report confirms that, though renewable technologies have grown at an unprecedented

    AFRY will design pumped hydro storage in Australia in joint venture with Aurecon

    Queensland Hydro has awarded the AFRY and Aurecon Joint Venture (JV) the design contract for the Borumba Pumped Hydro Energy Storage project. This initiative will provide stability and reliability to Australia’s energy grid as Queensland transitions to renewable energy. The estimated order value for AFRY is SEK 128 million.Queensland Hydro is a publicly owned entity established by the Queensland Government of Australia to design, operate and maintain pumped storage hydro energy storage assets that will serve as a cornerstone for the clean energy transition of the state’s energy system.

    ContourGlobal selects AFRY for rehabilitation of Italian solar portfolio

    ContourGlobal has entrusted AFRY with providing owner’s engineering services for the revamping and repowering of 35 photovoltaic (PV) plants located throughout Italy.ContourGlobal, an Independent Power Producer with international operations in 18 countries, has embarked on an extensive project to rehabilitate and enhance the efficiency and output of 35 PV plants of its Italian solar portfolio. The solar PV plants being modernised represent roughly half of the company’s portfolio in the country and are situated in nine different regions, with a total installed capacity of 60MW. Given AFRY'

    President and CEO Jonas Gustavsson is leaving AFRY AB (publ)

    After eight years as President and CEO, Jonas Gustavsson is leaving AFRY to pursue other opportunities outside the company. A recruitment process to find a successor will start immediately. Jonas Gustavsson will remain in his current role until a successor has been appointed or at the latest until 31 March 2025.“Under Jonas Gustavsson’s leadership, AFRY has doubled its turnover and taken a leading position in the transition towards a more sustainable society. The acquisition of and merger with Finnish Pöyry Plc has been a crucial step on this journey. AFRY is well positioned for further

    AFRY contributes to the modernisation of Fortum's Untra hydropower plant, Sweden

    Fortum is modernising the more than 100-year-old Untra hydropower plant in the municipality of Tierp and replacing three out of five generators. The output will be increased from 42 to 48 MW and the expected production will increase from 270 to 300 GWh per year. AFRY assists with electricity and control expertise in the assignment, which aims to secure another 100 years of fossil-free electricity production.Untra is one of Fortum's oldest hydropower plants, which has been in operation for over 100 years. After the Swedish Land and Environment Court approved Fortum’s permit amendment in 2021,

    Interim report January-June 2024

    Improved profitability in a stable quarter Second quarter 2024 – Net sales increased by 4.7 percent to SEK 7,191 million (6,869) – Organic growth adjusted for calendar effects was 2.2 percent (10.8) – Calendar effects had a positive impact of SEK 135 million on net sales and SEK 104 million on EBITA – EBITA, excl. items affecting comparability, was SEK 572 million (421) – EBITA margin, excl. items affecting comparability, was 8.0 percent (6.1) – EBITA totalled SEK 572 million (398) – EBITA margin was 8.0 percent (5.8) – EBIT (operating profit) amounted to SEK 541

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